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About Amarc Resources Ltd. (AXREF)
Amarc Resources Ltd. (OTCQB: AXREF, TSX-V: AHR) is a Vancouver-based mineral exploration and development company specializing in the discovery and advancement of porphyry copper-gold deposits in British Columbia (BC), Canada. With a focus on creating long-term value, Amarc is strategically advancing three 100%-owned districts—JOY, DUKE, and IKE—all located in prolific porphyry regions with access to essential industrial infrastructure, including power, highways, and rail.
Core Business and Exploration Focus
Amarc's primary objective is to develop a new generation of large-scale, high-value porphyry copper-gold mines. The company leverages advanced geological techniques and extensive exploration programs to identify and delineate mineralized systems. Its flagship projects include:
- JOY District: Located in the Toodoggone-Kemess region, this 495 km² district hosts the newly discovered AuRORA Deposit, a high-grade, gold-rich porphyry copper-gold-silver system. The district also includes other significant targets like the PINE Deposit, Canyon Discovery, and Twins Target.
- DUKE District: Situated in the Babine Region, DUKE is characterized by its proximity to historical copper-gold mines and extensive porphyry systems. The district benefits from a $90 million earn-in agreement with Boliden Mineral Canada Ltd.
- IKE District: Located in southern BC, IKE features the higher-grade Empress Deposit, which is being advanced through self-funded drilling programs.
Strategic Partnerships and Funding
Amarc has secured up to $200 million in non-dilutive funding through strategic partnerships with industry leaders such as Freeport-McMoRan Mineral Properties Canada Inc. and Boliden Mineral Canada Ltd.. These collaborations not only provide financial support but also enhance technical capabilities, allowing Amarc to accelerate its exploration and development activities.
Competitive Advantage
Amarc's association with Hunter Dickinson Inc. (HDI), a globally recognized mining group with a 35-year history of porphyry deposit success, positions the company as a leader in resource development. HDI's involvement brings unparalleled expertise in exploration, acquisition, and project monetization.
Commitment to Sustainability
Amarc is deeply committed to responsible mineral development. The company actively collaborates with Indigenous communities and local stakeholders to ensure that its projects contribute to sustainable economic and community development. Initiatives include job creation, training programs, and environmental stewardship.
Exploration Highlights
Recent exploration programs have yielded significant results, including the discovery of the AuRORA Deposit at JOY, characterized by high gold, copper, and silver grades with excellent lateral and vertical continuity. Additionally, the DUKE and IKE districts continue to demonstrate strong potential for large-scale mineralization, supported by ongoing drilling and surface surveys.
Industry Significance
Amarc's projects align with the growing global demand for copper and gold, driven by renewable energy initiatives and economic development. By focusing on underexplored regions with high geological potential, the company is well-positioned to deliver long-term value to stakeholders.
Conclusion
Amarc Resources Ltd. combines technical expertise, strategic partnerships, and a commitment to sustainability to unlock the value of its world-class porphyry copper-gold districts. With a proven track record of discoveries and the backing of industry leaders, Amarc is poised to play a pivotal role in meeting the future demand for critical minerals.
Amarc Resources (AXREF) has announced significant drill results from its JOY Cu-Au District in British Columbia, highlighting multiple copper-gold discoveries. The AuRORA Deposit showed impressive results including 132.00m of 1.71% CuEQ with 1.87 g/t Au, 0.63% Cu and 5.2 g/t Ag, and 204.00m of 0.72% CuEQ with 0.74 g/t Au.
The company completed 20 initial drill holes at AuRORA, with all holes now reported. The grade range encountered exceeds that of the historical Kemess South deposit. Additionally, Amarc made a new discovery at the Twins Target, marking their third porphyry Cu-Au discovery in four years at JOY.
The drilling program, fully funded by Freeport-McMoRan, also expanded the PINE Deposit and Canyon Discovery, demonstrating the district's significant exploration potential. The AuRORA deposit remains open for expansion, with mineralization showing substantial vertical and lateral continuity.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) announces its participation at the 2025 PDAC Conference from March 2-5 in Toronto, where it will showcase its AuRORA high-grade Cu-Au-Ag discovery made in collaboration with Freeport-McMoran. The discovery, located within the company's 100% owned 495 km² JOY District, was initially announced in January 2025.
The company will be present at Booth #2850 in the Investors Exchange. Dr. Jim Lang will deliver a technical presentation about geological considerations for porphyry Cu-Au exploration in the JOY District on March 2. Visitors can meet with CEO Dr. Diane Nicolson, Hall of Fame Inductee Mark Rebagliati, and Dr. Jim Lang to discuss Amarc's JOY, DUKE, and IKE Districts and examine drill core from the AuRORA discovery.
The company plans to conduct 29,000 meters of drilling in 2024 across its three districts in British Columbia.
Amarc Resources (AXREF) has signed a mineral property option agreement with Canasil Resources to acquire 100% interest in 22 mineral claims adjacent to its JOY tenure and east of its AuRORA copper-gold-silver discovery. The 5-year option requires annual payments of $400,000, with purchase prices ranging from $8 million in year one to $12 million in year five.
The claims are subject to a 2% net smelter returns royalty, with an option to acquire half for $5 million before commercial mining operations or $10 million after. The property falls within the Amarc-Freeport-McMoran agreement area and will be offered as part of the JOY District.
The 44.5 km² Brenda Property is surrounded by Amarc's JOY mineral tenures and shares the same geological setting as AuRORA. Historical exploration revealed promising results, including an intersection of 78m grading 0.61 g/t Au and 0.10% Cu from 110m in hole BR-07-05.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced that President and CEO Dr. Diane Nicolson will present at the Kinvestor Mining & Energy Conference 2025 on February 12, 2025, at 12 pm PT. The presentation follows the company's January 2025 announcement of discovering the new high-grade AuRORA gold-rich porphyry copper-gold-silver deposit in the JOY Copper-Gold District in north-central British Columbia.
In 2024, Amarc completed extensive programs across its BC projects, investing $23 million in 29,000m of drilling and various surveys. Key activities included:
- 16,883m of core drilling across 40 holes at JOY District
- 4,828m in nine holes at DUKE District
- 5,815m in 19 holes testing District Cu-Au targets at DUKE
- Nine holes testing the Empress Cu-Au Deposit at IKE District
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced additional drill results from its AuRORA copper-gold-silver deposit discovery at the JOY Copper-Gold District in British Columbia. The drilling program, fully funded by Freeport-McMoRan, revealed significant high-grade intersections including:
- Hole JP24060: 129.90m at 1.98% CuEQ (2.40 g/t Au, 0.61% Cu, 5.3 g/t Ag)
- Hole JP24073: 219.00m at 0.80% CuEQ (0.98 g/t Au, 0.24% Cu, 2.0 g/t Ag)
- Hole JP24075: 265.65m at 1.02% CuEQ (1.24 g/t Au, 0.31% Cu, 3.4 g/t Ag)
The results confirm the continuity of the Au-rich mineralized system from east to west, vertically, and to the north, starting near the surface. The deposit remains open for expansion in all horizontal directions. The discovery is located within the Northwest Gossan Target area, which features a 3.7 km² IP anomaly with coincident Cu, Au, Mo, and Ag anomalies.
Amarc Resources (TSX-V:AHR)(OTCQB:AXREF) announced its participation in three major mining conferences in Vancouver during January 2025. The company will showcase its recent AuRORA discovery in the JOY District, where the first hole (JP24057) revealed a new porphyry Cu-Au-Ag system with high gold grades.
The company will present at the Metal Investors Forum Vancouver (January 17-18), the Vancouver Resource Investment Conference (January 19-20), and the 2025 AME Roundup Conference (January 20-23). At these events, President & CEO Dr. Diane Nicolson will deliver corporate presentations, and the company will display drill core from the AuRORA Deposit discovery at the Core Shack.
The AuRORA discovery is one of eight large-scale sulphide mineralized systems drilled in the JOY District in 2024, with step-out holes to the east and west showing strong and consistent results.
Amarc Resources (AXREF) has announced the discovery of a new high-grade gold-rich porphyry copper-gold-silver deposit named 'AuRORA' at its JOY Copper-Gold District in British Columbia. The discovery, made in collaboration with Freeport-McMoRan, revealed significant mineralization from initial drilling results.
Key highlights include drill hole JP24074 intersecting 162m of 2.19 g/t Au, 0.63% Cu, and 7.0 g/t Ag. The AuRORA deposit is located within the Northwest Gossan Target area, spanning a 3.7 km² zone. The discovery hole JP24057 and six other holes drilled at 100m intervals established a 600m wide zone of porphyry mineralization from near surface.
The company completed 33 additional scout holes across eight porphyry Cu-Au targets within the JOY District. The exploration program included 290 line-km of IP surveying and collection of 8,400 soil and 1,500 rock samples.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has announced a Third Loan Amendment Agreement with a director and significant shareholder of the company. The agreement extends the repayment date of a $1,000,000 loan from November 26, 2024, to November 26, 2025. All other terms of the loan remain unchanged.
Amarc Resources announces Boliden's continued earn-in commitment for the DUKE Copper-Gold District project through 2025, with a $10 million budget. The 2024 program included extensive drilling and surface surveys, with delineation drilling at the DUKE Deposit revealing Cu-Mo mineralization and potential additional mineralization zones. The summer program completed over 5,800m of core drilling.
The DUKE District, located 80 km northeast of Smithers in British Columbia's Babine Region, is under a Mineral Property Earn-In Agreement with Boliden, who can earn up to 70% interest by funding $90 million in exploration and development. By 2024 year-end, Boliden will have contributed $20 million to the exploration program.
Amarc Resources (TSXV:AHR)(OTCQB:AXREF) has completed extensive 2024 drilling programs across its three copper-gold districts in British Columbia. At JOY District, the company completed 16,883m of drilling in 40 holes, funded by Freeport with an expected $12 million investment. At DUKE District, 10,643m were drilled in 28 holes across two phases, funded by Boliden with approximately $10 million investment. At IKE District, Amarc self-funded a $2.9 million program, including 1,873m of drilling in 9 holes, focusing on the Empress Cu-Au Deposit. The company completed extensive geophysical and geological surveys across all districts, with results pending release in the coming months.
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